Listed By
Agency Name: Century 21 Full Service, LLC.
Agency Contact: 740-374-8900, c21mariettaoh@gmail.com
Shown By
Agent Name: Dominic Fonte and Associates
Agent Phone: (330) 418-1535
Agency Title: Cutler Real Estate
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Property Description
Ohio River Frontage & Excellent Investment Opportunity! This property offers incredible potential with approximately 6,000 vehicles passing by daily. The property includes the former Newport IGA building, featuring 10,780 GFA, a partial second floor with office space, and a new roof installed in November 2015. The possibilities are endless for the main building. Also included is a 1,020 GFA building currently leased to the Newport Post Office, with HVAC installed in 2019. The Post Office has entered into a new 5-year lease with the new owner. The property also includes a campground with 36 full-hookup sites. Currently, sites rent for $600 per month, with 10-20 sites typically rented during the summer and several year-round sites already booked. The current owner pays property taxes and insurance, including flood insurance, with the Post Office reimbursing its portion of the taxes. With Ohio River frontage, established rental income, commercial space, and multiple opportunities for future growth, this is a unique investment opportunity with tremendous potential!
Property Features
Property Type: Commercial - Business
Days on Market: 3
Heating: Forced Air, Gas
Lot Size: 2.30 Acres
Taxes: $5,484 / year
Year Built: 1975
Feature Descriptions
Parcel#: 2800-48424-000
Sewer: Public Sewer
Local Schools
School District: Frontier Local
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38140 State Route 7 | MLS# 5237373
This commercial property located at 38140 State Route 7, Newport, OH 45768 is currently listed for sale with an asking price of $599,000. State Route 7 is located within the Frontier Local school district. Search Newport real estate on www.dominicfonte.com today.